Karachi: The UBL Pakistan Enterprise Exchange Traded Fund (UBL-ETF) has shown significant performance advancements in its latest report for September 2024, evidencing robust growth and a strategic asset allocation that emphasizes stability and growth potential within Pakistan's financial markets.

As of September 2024, the UBL-ETF recorded a year-to-date increase of 5.84%, with a more pronounced growth of 5.28% in the month of September alone. Since its inception in March 2020, the fund has achieved an impressive cumulative growth rate (CAGR) of 24.14%, according to the fund’s September manager report. This performance notably surpasses its benchmark index which has a CAGR of 24.14% for the same period.

According to information available from the Pakistan Stock Exchange (PSX), the fund maintains a diversified portfolio with significant holdings in commercial banks (39.66%), cement (5.64%), and power generation and distribution (11.06%), with the largest asset class being fertilizers at 33.32%. This diversified strategy aims to mitigate risks and capitalize on sectoral growth opportunities across the Pakistani economy.

The fund size as of September 2024 stands at 50 million PKR, with a net asset value per share peaking at 18.2975 PKR. These figures reflect a growth in fund size from 47 million PKR in August 2024, showcasing a steady upward trend in investor confidence and fund performance.

The UBL-ETF’s approach to maintaining a low expense ratio, reported at 0.65% per annum, coupled with a strategic equity sector allocation, positions it as a favorable choice for investors seeking long-term capital appreciation in the Pakistan stock market. This methodical investment strategy underlines UBL’s commitment to providing dividend yields and capital growth to its stakeholders.